Fixed Deposits
Safe, predictable returns — the foundation of every sound financial plan
Fixed Deposits remain one of the most trusted investment instruments for Indian families — and for good reason. They offer guaranteed returns, capital safety, and flexibility of tenure. But not all FDs are created equal. Interest rates, compounding frequency, premature withdrawal penalties, and tax implications vary significantly across banks and institutions. At CashRich Surojit, we help you build a smart FD ladder that maximises your returns while keeping your money accessible when you need it.
Key Benefits
Bank Fixed Deposits
Deposits with scheduled commercial banks, insured up to ₹5 lakh per depositor per bank by DICGC. Safe, liquid, and available across all tenures.
Corporate Fixed Deposits
Higher interest rates than bank FDs, offered by NBFCs and companies. Suitable for investors willing to accept slightly higher risk for better returns.
Tax-Saving FDs
Lock in ₹1.5 lakh under Section 80C with a 5-year FD. Earn guaranteed returns while reducing your tax liability.
Senior Citizen FDs
Most banks offer 0.25–0.50% additional interest to senior citizens. We help you identify the best rates for your parents or grandparents.
FD Laddering Strategy
Spread your FDs across multiple tenures to balance liquidity and returns. Avoid locking all your money at one rate for too long.
Cumulative vs Non-Cumulative
Cumulative FDs reinvest interest for higher maturity value. Non-cumulative FDs pay interest monthly/quarterly — ideal for regular income needs.
Why Choose CashRich Surojit?
- We compare FD rates across 30+ banks and NBFCs to find the best deal
- Guidance on DICGC insurance limits and how to spread deposits safely
- Tax planning advice — TDS implications, Form 15G/15H, and tax-efficient FD strategies
- FD laddering strategy to balance liquidity and returns
- Assistance with online FD booking and documentation
- Regular updates on rate changes so you can reinvest at the right time
Frequently Asked Questions
Are Fixed Deposits completely safe?
Bank FDs are insured up to ₹5 lakh per depositor per bank by DICGC (Deposit Insurance and Credit Guarantee Corporation). For amounts above ₹5 lakh, spreading across multiple banks adds safety. Corporate FDs carry higher risk and are not covered by DICGC.
How is FD interest taxed?
FD interest is added to your total income and taxed at your applicable slab rate. Banks deduct TDS at 10% if interest exceeds ₹40,000 per year (₹50,000 for senior citizens). If your income is below the taxable limit, submit Form 15G/15H to avoid TDS.
Can I break an FD before maturity?
Yes, most FDs allow premature withdrawal with a penalty of 0.5–1% on the applicable interest rate. Some banks offer no-penalty premature withdrawal for certain products. We help you choose FDs with favourable premature withdrawal terms.
What is the difference between cumulative and non-cumulative FDs?
In a cumulative FD, interest is compounded and paid at maturity — giving you a higher total return. In a non-cumulative FD, interest is paid out at regular intervals (monthly, quarterly, or annually) — ideal if you need regular income.
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